FALCON failed the NIST vetting. Since 2022 they have said they will fix it next year. Same answer in 2024 when they formalized CRYSTALS-Dilithium, CRYSTALS-KYBER and SPHINCS+. At the end they again say, " NIST is also developing a FIPS that specifies a digital signature algorithm derived from FALCON as an additional alternative to these standards." https://csrc.nist.gov/News/2024/postquantum-cryptography-fips-approved
If it takes 1.5-3 years to get the entire ecosystem of software updated, tested, implemented and then allow users to migrate to quantum safety, then Bitcoin code is future proofed. It will still require months (if BTC blocks normal transactions) to years (as a supported address type but not required) in order to migrate the wallets to safety. The longer the quantum resistant upgrade is delayed, the harsher the migration will need to become.
Alice and Bob recently announced a new algorithm that breaks ECC-256 in 9 hours with 127k qubits.
https://alice-bob.com/blog/computing-256-bit-elliptic-curve-logarithm-in-9-hours-with-126133-cat-qubits/ The algorithms will continue to improve and the costs will continue to go down. While some people are very confident what the quantum hardware will look like in 3 years, can they be so confident about the algorithms? We have switched from supercomputer to network node method of growing quantum calculations. Parallel instead of Serial. Fault tolerant algorithms that prefetch results. Can we really be as confident about the algorithms as people seem to be about the hardware not being ready? Most people in quantum computing aren't aware of how much their competition has progressed, how can devs who don't read 10 or 50 new quantum computing papers per week be more confident than the people who do?
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